Asian stocks closed higher on Thursday, after a rally on Wall Street and as geopolitical tensions eased with the end of US House Speaker Nancy Pelosi’s trip to Taiwan.
The Hang Seng index led the movement in the region, with a gain of 2.06% in Hong Kong, at 20,174.04 points. Only the local share of Chinese e-commerce giant Alibaba jumped 5.15%, in anticipation of financial results forecast for today.
In mainland China, the Shanghai Composite index rose 0.80% to 3,189.04 points, while the less comprehensive Shenzhen Composite rose 0.86% to 2,135.33 points.
Elsewhere in Asia, Japan’s Nikkei was up 0.69% in Tokyo at 27,932.20 points, and South Korean Kospi up 0.47% in Seoul at 2,473.11 points.
Risk appetite was in part inspired by the New York stock exchanges, which rallied yesterday in the wake of better-than-expected economic data and corporate earnings in the US.
Also contributing to improving sentiment in Asia was the fact that Pelosi ended a two-day trip to Taiwan yesterday, which infuriated the Chinese government. From there, the US House Speaker left for South Korea and then Japan as part of a tour of the region.
Despite the relief, analysts say there are still geopolitical risks as China is conducting military exercises in areas close to Taiwan, which Beijing considers to be part of Chinese territory.
Not by chance, the Taiex counteracted the positive tone of the day and closed down 0.51% on the Taiwanese stock exchange, at 14,702.20 points.
In Oceania, the Australian stock market was practically stable, with a marginal loss of 0.01% of the S&P/ASX 200, at 6,974.90 points.
With information from Dow Jones Newswires
Source: CNN Brasil
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